AU, China Ink Deal to Build Africa CDC HQ

Aug 1 , 2020

The African Union has signed a memorandum of understanding with the government of China to build the first phase of the African Centre for Disease Control & Prevention (Africa CDC) headquarters in Addis Abeba. The virtual signing ceremony was done by Amira Elfadil, the African Union’s Commissioner for Social Affairs, and Qian Keming, China's minister of Commerce, which had agreed to provide financial support. The construction of the Africa CDC headquarters was part of the commitment from China, made at the Forum on China-Africa Cooperation (FOCAC) Beijing Summit. The FOCAC Beijing Summit took place from September 3-4, 2018, in Beijing with the presence of representatives from 35 African countries.


Addis Chamber Embarks on Leadership Forum

A leadership forum where prominent executives will share their experiences in the business environment is organised by the Addis Abeba Chamber of Commerce & Sectoral Association (Addis Chamber) and SAK Training & Consultancy Firm. Headlining Arega Yirdaw (PhD), president of Unity University, who is expected to address the fortunes and adversities of the leadership ecosystem and share insights into his cascade of experiences, the first round is expected to set off at the Inter-luxury H...


Wegagen Bank Launches its Mobile App

Embracing the digital realm, Wegagen Bank officially launched its mobile banking application last week. The App was inaugurated in Dire Dewa City, with Yehwalashet Zewdu, vice president of the Bank Enterprise Services, showcasing its service that provides secure and seamless financial services. According to Yehwalashet, Wegagen Mobile meets the evolving needs of its clientele in Amharic, English, Afan Oromo, Tigrigna and Somali languages. Incorporated in 1997, Wegagen Bank has grown to become...


Zemen Bank Joins IFC's Trade Finance Program with $30m Boost

Zemen Bank has secured a 30 million dollar trade finance guarantee from the International Finance Corporation (IFC) to boost the trade finance operations. A member of the World Bank Group, IFC has welcomed Zemen as the newest member of its Global Trade Finance Program aimed at supporting exports and imports. Signed by Dereje Zenebe, president of Zemen Bank and Madalo Minofu, country manager of IFC, the trade financing is part of the one-billion-dollar Africa Trade & Supply Chain Finance P...